As Chevron New (CVX) Market Valuation Declined, Intersect Capital Trimmed Position; Marsh & Mclennan Cos (MMC) Stock Price Rose While Edgestream Partners LP Has Decreased Holding by $456,516

April 23, 2018 - By Adrian Erickson

Marsh & McLennan Companies, Inc. (NYSE:MMC) Logo

Intersect Capital Llc decreased its stake in Chevron Corp New (CVX) by 8.94% based on its latest 2017Q4 regulatory filing with the SEC. Intersect Capital Llc sold 2,921 shares as the company’s stock declined 8.26% with the market. The institutional investor held 29,750 shares of the integrated oil company at the end of 2017Q4, valued at $3.72M, down from 32,671 at the end of the previous reported quarter. Intersect Capital Llc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $233.64 billion market cap company. The stock decreased 1.13% or $1.4 during the last trading session, reaching $122.31. About 7.56M shares traded or 1.31% up from the average. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 23, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Edgestream Partners Lp decreased its stake in Marsh & Mclennan Cos Inc (MMC) by 56.22% based on its latest 2017Q4 regulatory filing with the SEC. Edgestream Partners Lp sold 5,636 shares as the company’s stock rose 0.87% while stock markets declined. The hedge fund held 4,389 shares of the finance company at the end of 2017Q4, valued at $357,000, down from 10,025 at the end of the previous reported quarter. Edgestream Partners Lp who had been investing in Marsh & Mclennan Cos Inc for a number of months, seems to be less bullish one the $42.14B market cap company. The stock decreased 0.54% or $0.45 during the last trading session, reaching $82.9. About 2.69 million shares traded or 31.37% up from the average. Marsh & McLennan Companies, Inc. (NYSE:MMC) has risen 9.09% since April 23, 2017 and is uptrending. It has underperformed by 2.46% the S&P500.

Since April 17, 2018, it had 0 insider purchases, and 1 insider sale for $3.11 million activity.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 119 analyst reports since August 4, 2015 according to SRatingsIntel. JP Morgan upgraded Chevron Corporation (NYSE:CVX) rating on Friday, September 11. JP Morgan has “Overweight” rating and $86 target. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, October 18 report. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Thursday, December 1 by Independent Research. As per Thursday, June 22, the company rating was maintained by BMO Capital Markets. The stock has “Overweight” rating by Morgan Stanley on Tuesday, November 1. PiperJaffray upgraded the stock to “Overweight” rating in Tuesday, August 9 report. As per Friday, October 27, the company rating was maintained by RBC Capital Markets. On Friday, January 19 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating by Citigroup given on Friday, July 21. The rating was maintained by Cowen & Co with “Buy” on Thursday, December 21.

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It increased, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. Crestwood Advisors Group Llc owns 11,666 shares. Callahan Advsr Limited Liability Company stated it has 75,090 shares. Reliance Tru Of Delaware has 0.95% invested in Chevron Corporation (NYSE:CVX). Salem Counselors Inc reported 34,109 shares stake. Jane Street Grp Ltd Co reported 423,200 shares. Moreover, Seaward Mgmt Ltd Partnership has 0.39% invested in Chevron Corporation (NYSE:CVX). Castleark Management Ltd Liability reported 0.14% in Chevron Corporation (NYSE:CVX). Jaffetilchin Investment Ptnrs Ltd Liability Com owns 11,020 shares. Highland Cap Mngmt Llc invested in 1.17% or 122,796 shares. Checchi Cap Advisers Ltd Liability Corporation has 19,980 shares. Barnett & Com has 6,235 shares for 0.38% of their portfolio. First Allied Advisory reported 0.39% in Chevron Corporation (NYSE:CVX). The New York-based Cv Starr Com Incorporated has invested 1.65% in Chevron Corporation (NYSE:CVX). Clarivest Asset Management Limited Liability stated it has 4,760 shares. Fin Advisory Ser holds 0.41% of its portfolio in Chevron Corporation (NYSE:CVX) for 12,595 shares.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27 before the open. They expect $1.48 earnings per share, up 4.96% or $0.07 from last year’s $1.41 per share. CVX’s profit will be $2.83B for 20.66 P/E if the $1.48 EPS becomes a reality. After $0.73 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 102.74% EPS growth.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.10, from 0.95 in 2017Q3. It increased, as 34 investors sold MMC shares while 229 reduced holdings. 83 funds opened positions while 194 raised stakes. 419.18 million shares or 1.51% less from 425.59 million shares in 2017Q3 were reported. 3,246 were reported by Parametrica Management Ltd. Ferguson Wellman Capital Management invested in 0.02% or 7,810 shares. Nj State Employees Deferred Compensation Plan stated it has 0.38% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Gideon Capital Advsr accumulated 0.2% or 2,768 shares. Global Thematic Prtn Limited Co has 2.44% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 911,226 shares. Prudential Pcl has invested 0% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Hanson And Doremus has invested 0% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). Colrain Llc stated it has 0.2% in Marsh & McLennan Companies, Inc. (NYSE:MMC). Johnson Grp reported 0.01% stake. Barrett Asset Lc invested in 0% or 11 shares. Point72 Asia (Hong Kong) invested in 0.2% or 3,287 shares. Rbf Limited Liability Co reported 0.13% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). Atlantic Trust Gru Limited Liability has 0.03% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC). 2,642 were accumulated by Fincl Architects Inc. Baystate Wealth Mngmt Ltd Limited Liability Company stated it has 0% in Marsh & McLennan Companies, Inc. (NYSE:MMC).

Since December 18, 2017, it had 0 insider buys, and 9 insider sales for $65.25 million activity. On Monday, December 18 the insider Glaser Daniel S sold $51.21 million. Mills Stacy also sold $94,972 worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) on Monday, March 5. Another trade for 10,911 shares valued at $893,273 was made by Portalatin Julio A on Monday, March 5. 11,418 shares were sold by McDonald Scott, worth $968,940. Gilbert E Scott sold $4.29 million worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) on Friday, March 2. On Monday, February 26 MCGIVNEY MARK C sold $1.88 million worth of Marsh & McLennan Companies, Inc. (NYSE:MMC) or 22,528 shares.

Analysts await Marsh & McLennan Companies, Inc. (NYSE:MMC) to report earnings on April, 26 before the open. They expect $1.29 EPS, up 19.44% or $0.21 from last year’s $1.08 per share. MMC’s profit will be $655.72 million for 16.07 P/E if the $1.29 EPS becomes a reality. After $1.05 actual EPS reported by Marsh & McLennan Companies, Inc. for the previous quarter, Wall Street now forecasts 22.86% EPS growth.

Marsh & McLennan Companies, Inc. (NYSE:MMC) Institutional Positions Chart

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